Spectrum Brands Holdings, Inc. (NYSE:SPB) Shares Acquired by Graham Capital Management L.P.

Graham Capital Management L.P. boosted its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 73.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,687 shares of the company's stock after purchasing an additional 8,776 shares during the quarter. Graham Capital Management L.P. owned approximately 0.08% of Spectrum Brands worth $1,748,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in SPB. Deutsche Bank AG grew its holdings in Spectrum Brands by 165.5% in the fourth quarter. Deutsche Bank AG now owns 94,403 shares of the company's stock valued at $7,976,000 after purchasing an additional 58,852 shares during the period. Brevan Howard Capital Management LP boosted its holdings in shares of Spectrum Brands by 290.4% in the 4th quarter. Brevan Howard Capital Management LP now owns 14,942 shares of the company's stock valued at $1,262,000 after purchasing an additional 11,115 shares during the last quarter. Bridgefront Capital LLC purchased a new stake in shares of Spectrum Brands during the 4th quarter valued at $456,000. Bayesian Capital Management LP acquired a new stake in shares of Spectrum Brands during the 4th quarter worth $414,000. Finally, Aristeia Capital L.L.C. purchased a new position in shares of Spectrum Brands in the 4th quarter worth $1,588,000.

Analysts Set New Price Targets

SPB has been the topic of a number of recent research reports. Wells Fargo & Company reduced their price target on shares of Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Monness Crespi & Hardt cut their price objective on Spectrum Brands from $106.00 to $86.00 and set a "buy" rating on the stock in a research report on Wednesday. Canaccord Genuity Group raised Spectrum Brands from a "hold" rating to a "buy" rating and upped their target price for the stock from $94.00 to $102.00 in a research report on Friday, February 7th. Royal Bank of Canada dropped their target price on Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. Finally, UBS Group upped their price target on Spectrum Brands from $76.00 to $78.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $89.17.

Spectrum Brands Stock Down 0.7%

Shares of NYSE SPB traded down $0.44 during midday trading on Thursday, reaching $64.56. 338,384 shares of the company's stock were exchanged, compared to its average volume of 417,793. The stock has a market capitalization of $1.70 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 1.70 and a beta of 1.00. Spectrum Brands Holdings, Inc. has a 52-week low of $56.50 and a 52-week high of $96.62. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.53 and a current ratio of 2.40. The business's fifty day moving average price is $65.53 and its two-hundred day moving average price is $78.74.

Spectrum Brands (NYSE:SPB - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.35 by ($0.67). Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. The business had revenue of $675.70 million during the quarter, compared to analyst estimates of $701.00 million. During the same period in the previous year, the company earned $1.62 earnings per share. The business's revenue for the quarter was down 6.0% on a year-over-year basis. Analysts forecast that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current year.

Spectrum Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th will be paid a $0.47 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.91%. Spectrum Brands's dividend payout ratio (DPR) is presently 89.95%.

Spectrum Brands Profile

Spectrum Brands Holdings, Inc operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, and Asia-Pacific regions. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, PowerXL, Emeril Legasse, Copper Chef, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington brand.